Life Time Group Holdings Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
LTH$47.42+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $156,240 | $76,063 | $(1,793) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 274,681 | 244,397 | 228,883 |
| Deferred income taxes | 29,457 | 14,577 | (13,560) |
| Share-based compensation | 51,034 | 50,144 | 37,291 |
| Non-cash rent expense | 33,739 | 37,544 | 38,534 |
| Impairment charges associated with long-lived assets | 11,018 | 14,466 | 2,062 |
| (Gain) loss on disposal of property and equipment, net | (6,794) | 14,089 | (99,974) |
| Loss on debt extinguishment | 13,839 | — | — |
| Amortization of debt discounts and issuance costs | 7,002 | 7,821 | 7,873 |
| Changes in operating assets and liabilities | 2,387 | 6,465 | 3,372 |
| Other | 2,514 | (2,562) | (1,719) |
| Net cash provided by operating activities | 575,117 | 463,004 | 200,969 |
| Cash flows from investing activities: | |||
| Capital expenditures | (524,535) | (697,993) | (591,178) |
| Acquisitions, net of cash acquired | — | (1,616) | — |
| Proceeds from sale-leaseback transactions | 207,421 | 121,831 | 351,850 |
| Proceeds from the sale of land | 15,577 | 4,169 | — |
| Other | 8,793 | (551) | (4,214) |
| Net cash used in investing activities | (292,744) | (574,160) | (243,542) |
| Cash flows from financing activities: | |||
| Proceeds from borrowings | 1,500,000 | 44,291 | 20,084 |
| Repayments of debt | (411,766) | (15,026) | (25,644) |
| Proceeds from revolving credit facility | 1,225,000 | 1,376,000 | 805,000 |
| Repayments of revolving credit facility | (1,305,000) | (1,306,000) | (785,000) |
| Purchase of U.S. government obligations for the satisfaction and discharge of debt | (1,424,467) | — | — |
| Repayments of finance lease liabilities | (926) | (1,031) | (1,404) |
| Proceeds from financing obligations | 4,300 | 1,500 | 21,350 |
| Payments of debt discounts and issuance costs | (22,325) | (3,050) | (43) |
| Proceeds from the issuance of common stock, net of issuance costs | 123,964 | — | — |
| Proceeds from stock option exercises | 25,933 | 15,770 | 3,755 |
| Proceeds from issuances of common stock in connection with the employee stock purchase plan | 2,818 | 3,479 | — |
| Other | (1,916) | (381) | (1,300) |
| Net cash (used in) provided by financing activities | (284,385) | 115,552 | 36,798 |
| Effect of exchange rate on cash and cash equivalents and restricted cash and cash equivalents | (76) | 61 | (353) |
| (Decrease) increase in cash and cash equivalents and restricted cash and cash equivalents | (2,088) | 4,457 | (6,128) |
| Cash and cash equivalents and restricted cash and cash equivalents – beginning of period | 29,966 | 25,509 | 31,637 |
| Cash and cash equivalents and restricted cash and cash equivalents – end of period | $27,878 | $29,966 | $25,509 |
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